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March 18, 2022
Question

In 2020 we took money out of 401k - were taxed on 1/3 for 2020 and supposed to be taxed 1/3 for 2021

  • March 18, 2022
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1 reply

DoninGA
Employee
March 18, 2022

You will need to report the 2nd year of the 2020 distribution on your 2021 tax return.  IRS Form 8915-F is used to report this distribution.  The form is not yet available in TurboTax.

Form 8915-F, Qualified Disaster Retirement Plan Distributions and Retirements is scheduled to be available in TurboTax on 03/24/2022